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no stocks. >> buying russia. >> you're buying russia? >> russia is terribly depressed. nobody likes russia. i'm buying the bonds, the currency and stocks >> you think you'll be able to get your money out of russia when you want to? >> maria -- >> what's the answer? >> hold on. i've been bearish on russia for 46 years. i first went there in 1966. i've changed my mind and, yes, i think -- i'm not giving my money to putin, i hope. >> really. >> i for the first time in 46 years have decided to invest in russia. >> so you believe there's the rule of law there. you believe that this is -- you're buying russia over the united states of america? >> everybody is pessimistic. listen to your question. everybody is pessimistic on russia. russia is changing. that's how you make money. you find something that everybody hates, including me, including you. when it's changing and that's how you make money. >> everybody hates apple right now. would you buy it? >> no, no, i'm short apple. >> how come? >> because short in the fall because it went through the fall. >> september. fantastic. >> anyway, i wouldn'
right? he is the richest man in russia who just bought the worst team in the nba. but as you'll see, he's not like any other owner of a big time american sports franchise. he's an adrenaline junkie with a few unusual toys. >> see? [gun clicking] >> and he owes some of his fame and fortune to a bevy of party girls. >> frankly speaking, i like women. >> coal has made jim rogers and his company rich, and that's why we were surprised to hear what this power baron has to say about what coal does to the environment. you know, there are a lot of people, many of them in your industry, many people that you probably know, who say that global warming is not a big problem. >> it's my judgment it is a problem. we need to go to work on it now. and it's critical that we start to act in this country. >> but if it's so critical, why is rogers still building new coal-burning power plants? >> welcome to 60 minutes on cnbc. i'm steve kroft. politics and business can be strange bedfellows. in this episode, we have a report on a billionaire walking a fine line between the russian government and american prof
things with good returns. >> the kremlin and russia is having a big privatization program, and you, on the other hand, are buying into some of these privatizations. how does that work, sir? >> we have focused on bringing top investors with us. we brought china investment corporation to invest in several transactions. last year 1.5 billion came from investors. so our approach is invest a little bit of money, but have investors since the walls come and invest in russia so it's all about increasing the partnership of foreign investors and of private investors in the foreign economy. >> we had the ipo going on at the moment, as well. you are a stakeholder in that, as well. can you tell us what the intentions are regarding that ipo? >> well, we're big deliverers in my business. we're a shareholder. we would like to increase our stake in the business and we would like to continue bringing investors with us. we already brought quite a few investors into the company. the ipo will be happening tonight. we have big delivery of the business because it's a monopoly stock exchange in russia. pr
sales in russia lead to a worse than expected fourth quarter in russia. >>> natixis shares up near 20%. unveiling a simpler structure on a special dividend. >>> and the final week of campaigni campaigning in italy with polls suggesting bersani has the lead. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. first thing to say is we have three hours of the good stuff today. >> yes, we do. for all the americans on holiday today, we know you wouldn't want to miss a single second of it the the.we have so much going on. we're going to hear from wayne swan, sir phillip green, we're going to hear tr -- >> you are out of the fashion week, right sfp. >> yeah. i really enjoy getting the perspective from designers because what they say about where they're seeing strength tr around the world and frankly when you ask them and they say we're investing in digital that's as important if not more than what's happening in the retail world. >> did you see some great things? >> there are some pretty things there, as well. what was interesting is
, nobody can protect themselves from this. take a look at this. this is russia today. and it is not a movie set. that's a real life meteor and hundreds of people have been hurt. we have that amazing story for you straight ahead on "power lunch." but my partner, bill griffith, is in for ty today. ty is under the weather so we sent bill down to the nyse. >> hi, sue. here on the floor of the new york stock exchange, every single television was tuned into cnbc in the laugh hour and the sound was turned way up. you could hear carl icahn's voice resonating against the walls of the new york stock exchange. as we all know, the fight started on cnbc on january 25. ackman versus icahn going at it. ackman announcing a short position, or discussing it. we already knew about it. icahn very very coy but we know it was clear that day. icahn is the winner, if it is the prize, and we know on wall street, it is the prize. herbalife opening sharper and moving since that time. still a healthy gain of 7.5%. on the halftime report, if you missed it a few minutes ago, carl icahn turning up the heat on bill ackman
that stuxnet has given countries like russia and china, not to mention terrorist groups and gangs of cybercriminals for hire, a textbook on how to attack key u.s. installations. >> you can download the actual source code of stuxnet now and you can repurpose it and repackage it and then, you know, point it back towards wherever it came from. >> sounds a little bit like pandora's box. >> yes. >> whoever launched this attack-- >> they opened up the box. they demonstrated the capability. they showed the ability and the desire to do so, and it's not something that can be put back. >> if somebody in the government had come to you and said, "look, we're thinking about doing this. what do you think?" what would you have told them? >> i would have strongly cautioned them against it because of the unintended consequences of releasing such a code. >> meaning that other people could use it against you? >> yes. >> or use their own version of the code. >> something similar. son of stuxnet, if you will. >> as a result, what was once abstract theory has now become a distinct possibility. if you c
putting their money currently. but to russia with love, currency wars coming to moscow as g-20 leaders meet there. did liesman go? if so, it's a big home coming. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew ross sorkin is off today. our guest host this morning is sir martin sorrell. our top story, nightmare at sea. more than 4,000 passengers on the disabled carnival cruise cry oomph docked late last night. michelle caruso cabrera is there on scene. she's going to join us with more and what the means for carnival and the broader cruise industry overall. >>> we are tracking the markets this morning. a lot of excitement fueled in large part by deal activities. in the last few days aloep, we heard berkshire hathway is buying heinz for $3 billion. and comcast announcing a $16.7 deal to buy out ge's remaining stake in cnbc parent nbc universal. warn buffett on "squawk box" yesterday. >> i'm ready for on the another element. please, if you see any walking by, please call me. >> how much do you h
bank is kick off officially those weekend squawk in russia. they're expected to deliver a pledge of monetary policy while focusing on measures to boost global growth. steve has been there all week and he joins us again this morning. steve, we actually finally start the meetings today. we've had comments out from the russian finance minister, as well. what's he saying? >> well, he's trying to get us back on track on to a growth agenda, which when you look back at what the agenda was a couple of meetings ago back in toronto in 2010, that was sorely missing. that was about harboring deficits and having firm targets. it hasn't really worked, has it? what they've said is our growth estimates were slightly optimistic. listening to what some of the policymakers are saying this time around, the likes of mario draghi, i'm scratching my head a little bit. there's some uncontentious stuff. i can live with that. range of financial market indicators showing situation normalizing. but what about this bit? currency chatter is inappropriate, fruitless and self-defeating. hang on a second, mr. dr
to monetize the russia angle going forward? >> tnk has been a successful venture for ten years and it's a joint venture that has run its course. russia is so important for the oil and gas industry. we've worked there for many years and made big differences in terms of russian oil and gas production. .i think we've taken what had been a bit of a problem and turned it into an opportunity and i'm very much looking forward to working with ross net. >> how are you going to monitor the opportunity in that respect? >> it has great potential. it's the largest oil producing country in the world. we'll own just under 20% of the shares. we'll have roles on the board, but i see a long cooperation potentially between bp and ross net and opportunities inside and outside of russia. plus i think we can help with many of its assets. i'm excited about it. >> now back to the earnings. around the increase in the dividend this year, is that the message then to shareholders, growing confidence? >> yes. bp has been through a bit of a long wave length transition here from 2010. we sure that our shareholders
. but they may have just hit a big wall in russia. see what vladimir putin is doing to stomp out the tobacco company's profits. >>> and something to worry about beyond losing money in vegas. jane wells is on that frightening case. jane? >> hey, tyler. even when you're nickname is sin city, murder can be bad for business. is las vegas suffering at all from a high profile triple murder? we'll have that after the break. t that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. through mercedes-benz i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart
in russia, leaving hundreds injured. scientists say the impact was similar to a nuclear blast. we're going to have the latest on that. please don't forget, free market capitalism, not welfarism, is the best path to prosperity. it is ladies' night on "the kudlow report." and i know in their hearts they are all free market capitalists. i'm kudlow. we'll be back. ♪ oh, yes it's ladies' night ♪ oh, what a night ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. the lexus ct hybrid. music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make someone happy.♪ ♪make just one someone happy ♪and you will be happy too. >>> did you know that more than 46 million americans are living below the poverty line? my next guest says the primary reason for elevated poverty is because of new and generous government benefits. the handouts are actually increasing the number of poor people. here now is casey mulligan, professor of econo
of an organized crime group in russia, europe or the americas. >> they can disrupt critical infrastructure, wipe databases. we know they can rob banks. so it's a much bigger and more serious threat. >> jim lewis is a director at the center for strategic and international studies, and he led a group that prepared a major report on cyber security for president obama. what was it that made the government begin to take this seriously? >> in 2007 we probably had our electronic pearl harbor. it was an espionage pearl harbor. some unknown foreign power-- and honestly, we don't know who it is--broke into the department of defense, to the department of state, the department of commerce, probably the department of energy, probably nasa. they broke into all of the high-tech agencies, all of the military agencies, and downloaded terabytes of information. >> terabytes? >> a terabyte is-- it's hard to say. the library of congress, which has millions of volumes, is about 12 terabytes. so, we probably lost the equivalent of a library of congress worth of government information in 2007. >> all stolen by foreign
around the globe. >> speaking of major events, we're a year out from the olympics in russia. putin has stacked the deputy chief of the russian olympics. this is just happening. it's interesting to see people just as they're starting to focus, getting ready for the winter olympics. it's come up this time next year, we're kind of over the event and -- >> just a reminder, this is the winter olympics, in case you're warning. >> yeah. 2014. >> there you go. >> a lot of pressure on russia to deliver. a couple of other stories? >> shares in australia national bank are up at yearly highs. australia's biggest lender by assets cited lending revenues. the bank has been hampered by british representatives. reports ooh a sale of some 100 branches never materialized. >>> and a major story developing overnight in ireland. the country's move is in disarray as lawmakers dissipated without securing a bank with the ecb. the irish government hoped to announce the liquidation alongside the ecb. these were issued in 2009 to bail out angelo irish. the ecb says talks are still, quote, ongoing. few details are
the statement this week. it comes this week after the g-20 meeting this russia where the group is expected to -- from market determined exchange rat about growing rhetoric about currency wars. ross, it's kind of extraordinary when you're in a situation where they're talking about the need for emphasizing the need for market-based currencies. >> yeah, exactly. currencies were also discussed last night. the officials at the g-20 summit at the end of the week is a more appropriate place to discuss currency moves. >> silvia wadhwa is in brussels and she recently caught up with the french finance minister and began by asking him about just how concerned he is about the strength of the euro. >> in a strong euro to a dead euro. six months to go, the question is is the euro going to survive? the euro is going to survive. if people today buy the euro, it's because the euro gains confidence from the people. but at the same time, it's not a good news if we are not able to answer the aggressive attitudes on the parts of the world. we must fight the currencies. we must enter into currency wars. but at
finance minister of russia earlier on. he was like, well, why now, we thought they were going to make the statement, they were going to make it? n russia as part of the talks. there's a mass confusion within the g-7 about what they were trying to achieve. maybe the markets got it right. actually that everybody is concerned about the competitiveness. at the moment the russians especially is been actually losing out in these currency wars so to speak since july. have been rallying the ruble against the dollar, rallying again the yen heavily, as well. they're as concerned as anyone about the competitive advantage from the devaluation of these currencies, as well, gained by the japanese and others. face it, as jim o'neil points out in one commentary, the americans have been doing this for 30 years. it's rich to turn around and say anyone can't do. it mr. carney, currently of the bank of canada, soon to be bank of england, said we need forceful representation at the g-20 to solve issues. what's interesting is not to lose track of some of the more important agenda issues from the russians,
industrials down 44 points. >> have you seen this video yet of the meteor explosion in russia? watch it from left to right. it's reminiscent of the movie armageddon. could the u.s. experience a financial armageddon if congress does head off massive across-the-board cuts march 1st? we transitioned from the meteor to sequestration. we'll ask barney frank and some very harsh words that senator elizabeth warren had to say at a hearing on capitol hill, i have a feeling that he'll echo some of what she said. >> and also is the u.s. dollar dying? some say yes and is the fed to blame? former federal reserve chairman alan greenspan joins me. >> and gold, why is it not glittering, a big down week. we'll get some info later from the ceo of gold corp later on "closing bell." at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analys
diamonds can go anywhere. >> typically where do you fence this stuff? do you go to russia? south africa? where do you go? >> you can pretty much go anywhere. wait your time. you probably cut them. once you take the rough diamond and cut it, now you're talking about an entirely different items. there are controls in the industry that control the flow of diamonds internationally, like passports them, called the kimberly process, but a lot of people avoid that. >> let's stay with that. if these criminals show up and they go to a reputable diamond cutter, let's say, start with the cutter. will the cutter know they're stolen goods? will they have a sixth sense? a seventh sense? >> the problem with the diamond instrument is a bit like with gales in the military, don't ask/don't tell. that's changing now. i think our industry is becoming much more responsible, but still in all, it's not that hard to find cutters who will cut them the diamonds. >> will a smart dealer with a lot of product rushing on, wait a minute, this could have come from the heist? >> $50 million, i hate to tell you, it's no
the winning goal, usa against russia, putting the jersey on that he wore in that epic olympic game on the auction block, and you will not believe how much it is expected to sell for. we'll talk about that coming up. stick around. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ . >>> welcome back. as you saw there, a big equity selloff today, and it really started with the commodities earlier in the day, mandy, as you know. gold at a seven-month low down sharply today. we had oil. its worse day in two months, back below $95 on west texas intermediate crude. gold is well below 1,600 an ounce and after the fed minutes came out the stock market slid as well. >> the market wanted to hear that we are going to get quantitative easing, qe, forever, right? qe1, 2, 3, 4, 5, 6 and as long as we c
's say russia or india. how many other countries does your concept work in? >> our concept really travels well all around the globe because all around the globe people love chicken, they love seafood, they love spicy food. we haven't found a market yet that doesn't fall in love with popeyes food. right now we're solidifying the countries we compete in, making sure they're strong brands, strong growth, strong new-store openings and those will be the model markets o off of which we launch into new countries like last year we launched into lima, peru, and are off to a wonderful start. >> lima, peru, why would they know about this kind -- i know peru's supposed to have the great cuisine, what would they know about this kind of food? >> one, the peruvians just plain love food and they love spicy foods. they have welcomed our concept with open arms and we have four restaurants open so far and they're off and raging and good sales. and we have a business partner there that's been in the restaurant industry for years and is really very successful in many concepts. we're excited about latin americ
go to china and russia, they're not allowed to take their mobile device. why? because as soon as the plane enters chinese or russian air space, both countries have access to the u.s. data. all the data on those blackberry phones. and it doesn't end there. we hear about a bigger threat from those within the u.s. borders who are looking to steal data and people's bank accounts. the bottom line is, nothing is growing as fast as data. we have traditional data and big data. everything from our cars to our appliances, considered big data. data storage companies today are clamoring for market share, as firms now are
. we are out of time. but i wanted to mention there are a large number of people in india, in russia, in other parts of the developing world that have a totally resistant strain of tb. how worried are you for americans that that even exists in the world? >> well, we are always concerned about importations. fortunately, this strain is very, very susceptible but public health is on the alert for imported tb for sure. >> i feel at ease, sir. thank you for your time. have a good weekend. >> fascinating stuff. a major battle, by the way, between two casino giant has come to an end. or has it? jane wells is in los angeles. >> tyler, one proxy fight down. one to go. we will talk about wynn after the break. >> in more movie madness, which movie that didn't win best picture should have won best picture? and here you can vote on finance.yahoo!.com. and where did this quote come from? fat, drunk and stoop sid no way to go through life, son. which movie? who said it to whom? we're back in two. how do you keep an older car running like new? you ask a ford customer. when they tell you that you nee
astounding progress. partners in health has expanded and now works in nine countries, including peru, russia, mexico, and three countries in africa. with 6,000 employees worldwide, their budget of $50 million is barely enough to keep it going. >> no cesareans today? >> yeah, we had two in the morning. >> dr. farmer spends most of his time commuting between the hospitals in rwanda and haiti. one of his priorities: train a new generation of doctors to follow in his footsteps, physicians like david walton. >> i look at you, 31 years old, medical degree from harvard, could make a gazillion dollars back in the states, and you're in haiti. what do you get out of it? >> there's nothing that i'd rather be doing with my life, absolutely nothing. [speaking foreign language] >> and it's a hard life. seven-day work weeks, including house calls, and a house call in haiti can mean a hike up the side of a mountain. >> you walk for 30 minutes, walk for an hour, walk for four hours. the patients do it everyday. why shouldn't i do it? >> on this day, dr. walton was visiting 10-year-old cledene, suffering from
with russia and china. russia is selling everybody oil and all they care about is their own crony capitalism. china is our biggest creditor and have no interest in a war with us. we should not be spending money on these things. >> one of my refrains has been stop spending, stop spending, stop spending and there's a similarity between our current discussion and what we learned about the post office. what gripes me most about the post office, i understand they lost $16 billion last year but that's not the worst part, they have skipped two years of payments totaling over $11 billion for some of the retiree benefits. it is stop spending but maybe overpromising is this reason. i think that applies here as well m. your final thought, only a few seconds left. going to defeat the spenders and tax-spend borrow forces of the democratic party tactically the republicans do a pivot and get smart leading the effort to cut defense spending. it's the only way forward. >> thanks for being our guest. carl, all yours. >> rick, come back to you in a little while. >>> still ahead, jcpenney ron johnson speaking o
, and russia have concluded two talks iran over their suspected nuclear program. they have said they'll lessen negotiations but there's a long way to go. new negotiations have been scheduled for next month. >>> and we've also got more out of iran in a statement on the technical nuclear talks scheduled for march 18. they say the next top-level talks will be april 5 through 6. and the p51 offer included items proposed by iran. e.u.'s ashton who has been involved said the meeting with iran will be on april 5 to 6, as well. the new offer we presented was balanced, fair basis for diplomatic talks. they won't detail what the new proposal are in iran. >>> and paris eads sharply higher after the aerospace group posted a better than expected full-year earnings profit as well as predicting a rise in earning in 2013. we have more. >> reporter: it's not a big surprise. a few weeks ago the ceo of eads said the company will be able to improve significantly its revenue and operating profit thanks to all of the divisions of the company. the main being the commercial aviation unit. also strong performance at e
to get more clarity on is how progress is moving in russia. we have a few quarters that will have the sales of tnk and the progress in recognizing those earnings will be important for the financial metrics. >> and look, you look at the brent price, as well, how much of a differential are you expecting? do you see that happening? if so, how much might that be? >> it's already there, too. we think in the short-term, there could be some negative impression on the markets because of some pipe likes that are coming into operation. but we expect over the medium term that that spread between wti and brent is going to be somewhere in the $12 to $15 range and that probably extends for 3 to 5 years. >> jason, good to see you. thank you so much, indeed, for joining us. u.s. authorities are brewing up trouble for the ab inbev/montelou deal. more when we come back. first, a reminder of where futures are trading ahead of the open on wall treat st. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. we can afford to take an
sales were up nearly 5% boosted by russia, latin america and dan da. heinz shares falling on the back of that news, down about 0.3%. >>> citigroup bowing to shareholder press your. the news comes as the company has disclosed new ceo michael corbatt was paid $11.5 million for his work last year. he was named ceo in october. shares just barely higher in germany this morning. >>> david einhorn is taking his appeal to shareholders. the green light capital founder pushed them to get his plan to share more of the wealth. his plan could boost the stock by $150. he wants apple to issue perpetual preferred shares when he calls ipref. you have to love it. pretty genius marketing strategy. apple shares responding positively, up 0.75% in frankfurt trade, roughly in line with the market this morning. >>> and nielsen is changing the way it tracks how you watch tv. the ratings company will start measuring shows downloaded and watched via broadband such as itunes or hulu. currently the tv shows aren't count counted. video from demand on cable and satellite providers won't be included. but nielsen say
and weaker ones. for the last few years the greeks have been overhyped, india, russia and china all of them moving towards state capitalism and actually going to slow potential growth. i think some of the success stories in latin america is not brazil but chile or colombia. or if you're looking in asia, comparing to chile, china and india, philippines look like better story. not lump together all emerging markets and look at actually some of those not on the radar screens today. >> i certainly wouldn't advocate an index fund in emerging markets. you have to be selective. i prefer china, brazil and colombia to russia or argentina. but, hey, you know, the global emerging is still an interesting area. sorry, steve. >> jim, how critical is the fed being wide up to europe investment outlook and what's the chance that you think they end this year? >> i think the fed is, you know, pretty important in the sense that it's following the global orthodoxy of central bank policy which is very easy liquidity in the banking system. and of course, as you know, steve that isn't leading at the moment to any
of the meteor shower already? oh, my gosh. these pictures in russia, western siberia. reports now that this meteor, which landed, has injured some 500 people, although the cars barely noticed. people just kept driving. >> eyes on the road, they're focused. >> the meteor shower created a 125 mile long sonic boom. many of the injured were hurt by sonic glass. the ministry is urging people not to panic. the g-20 is happening basically 1,000 miles away. unrelated to the asteroid which is going to fly by closely today as well, which people are afraid could knock out some satellites. only about like 19,000 miles in the air. don't panic. if glass is going to shatter randomly in your home, that's a little panic worthy, but -- >> when we come back, is now the time the bet on bonds? we'll hear from the man barren is calling the best around. also, an exclusive with kevin plank. he'll explain how his company plans to score with its new concept score. we had a little tick up, but still, that industrial production number was a slight risk. more straight ahead. i know what you're thinking... tra
can't -- it's just very tough to expand into africa -- >> look at what's going on in russia. they're doing wonders in russia. >> with what, kfc? >> yeah. look at what they've done in china. and by the way this thing with china give me a break. these people, yum, my opinion was a victim. the.is they're going to redouble their efforts on the supply chain and make sure it doesn't happen again. >> it's hard to grow that quick. he's doing unbelievable things in china. >> indiana is where china was ten years ago. and look at the population in ind india. beef is a restricted product for spiritual, religious reasons. so you've got great market opportunity there. and india is becoming a rapidly developing country. so -- >> chicken you mean. >> this guy has put to the a superb management team, if you look at taco bell he has a new product. last year they had this taco selling like hotcakes and not cannibalizing the basic taco they have on the menu. so, look, i think yum brands, i've owned it for 15 years, it's the best stock i've owned in those 15 years. >> really? >> oh, yeah, it's gone fr
's their number one sport. russia, georgia, turkey, azerbaijan, and so, in a weird way, like the olympics is trying to make this more grown, and it was a big slap in the face to the entire muslim world. and i don't think this was all necessarily thought out. two of the three potential host cities for 2020, japan and istanbul, tokyo and istanbul, you know, 70% of japan's gold medals were in wrestling. >> wow. >> and turkey, wrestling in turkey go hand in hand and it is an age-old tradition. >> they kept the pentathlon because basically there was a member of the 15-person committee that likes the pentathlon. but there were many countries participating in the pentathlon as there were different countries and medal winners in wrestling. since title ix wrestling has had a little bit of a profile shift in this country. i think the key is -- >> we have more wrestlers in new york city, we just started five years ago, than there are modern pentathletes in the country. >> why are we trying to shrink the number of sports? >> that's one of the things we're talking to the olympic committee about. what'
to rally against the dollar. and it's actually the g-20 meeting this weekend in russia that's the focus for a lot of investors. it's the yen in particular. we had the g-7 come out and create a little confusion in the market. first with the statement that seemed sort of tacitly say it was okay for japan and some countries to have been talking down their currency to the effect that they did. then turning around yesterday and trying to say, look, they meant for the statement, the statement out of the g-7, to come across as signaling concern about the excessive moves in the yen. then a canadian official struck much of the same note when asked by press later that evening. the did give up significant ground on that strength -- strengthened, i should say. the nikkei took a hit. now the focus turns to the g-20. could be more volatility heading into. that the reason, by the way, that i'm here at this camera is because we're carrying mervyn king's inflation report. on the back of that, he talked about seeing higher inflation rates in the u.k. sterling at a six hoof month low against the dollar. b
from getting a nuclear weapon. at the same time we'll engage russia to seek further reductions in our nuclear arsenals and continue leading the global effort to secure nuclear materials that could fall into the wrong hands. because our ability to influence others depends on our willing ness to lead and meet our obligations. america must also face the rapidly growing threat from cyber attacks. now, we know hackers steal people's identities and infiltrate private e-mails. we know foreign countries and companies swipe our corporate secrets. now our enemies are seeking the ability to sabotage our financial institutions, our air traffic control systems. we cannot look back years from now and wonder why we did nothing in the face of real threats to our security and 0 our economy. that's why earlier today i signed a new executive order that will strengthen defenses by increasing information sharing and developing standards to protect our national security, our jobs and our privacy. but now congress must act as well. by passing legislation to give our government a greater capacity to secure o
think i'm very -- whether he decided to move to russia and but i hope it will be a wake-up call for the current french government and president hollande, and maybe leading france in the wrong direction. >> don't count on it. julien, thank you. >> these guys -- >> only hollande would move here and run, right? >> what's going to happen in the shale gas market in europe. >> well -- >> save that for another day. coming up -- >> yeah. >> the signs of momentum in the housing recovery. but can the trend continue? we're going to ask robert shiller next. and find "squawk box" online and on mobile. follow us on twitt twitter @squawkcnbc. like us on facebook. visit our show page squawk.cnbc.com. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ today is gonna be an sometimportant day for us.? yo
russia business grew 10%, our mexico business grew 7%. so continue to see good strength there. as far as developed markets go, europe obviously in the west has its challenges but eastern europe is doing quite nicely. and in the u.s., really over the last 6 to 8 months i would characterize it as a very slow, gradual strengthening in the consumer. slowing gradual, but nonetheless, detectable in there. so we do feel like the consumer environment is getting a little bit better in developed markets. >> that's something we've spoken about before you really see it in terms of the jobs picture because people stop in the morning at the gas station, and they go in to get their lunch, maybe to grab either a pack of chips that go along with that or grab a soda with it. what can you tell us just about where the average discuss her is in the morning? are they willing to go ahead and spend on things like that? >> you're definitely seeing a little bit more of that. i mean, certainly the beginning of this year is a tough read because there are so many complicated factors going into it. the weather cer
of it is -- >> you can bankrupt russia and do some crazy -- >> -- aircraft carriers --. >> the only way you can get prices down, say okay we got all this oil, why didn't the price come down? no, you're still guided by the cartel. you're still opec sets the price. they make it real clear to you. the minister of energy in saudi arabia says we have to have $100, $115 a barrel. listen to him. listen to them because they will cut supply. so what's happened in saudi in the last four months. they've come down from 9.9 million barrels a day to 9.1. opec is down from 32 to 30 million barrels. >> although, boone, how much do you think the federal reserve is actually playing a role in this? because yesterday when the federal reserve when we got the minutes and it sounded like there was some dissent and maybe people don't want to continue quantitative easing indefinitely, that's when we saw the biggest drop in oil prices that we've seen in months. so a lot of that loose money, that free money -- >> you're down again this morning. >> yeah. >> but i mean that is a fed reaction. not an opec reaction. >> oh, i kno
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